Breiman: ports must present an annual 2.5% improvement in order to compete with nearby ports

Breiman added that global container traffic is growing by more than 10% a year, following the introduction of innovative very large containerships
 
Mr. Shlomo Breiman, CEO of Israel Ports Development & Assets Company Ltd. (IPC), said on the first day of the "port2port International Logistics & Transportation Conference" which was held last week that IPC had to carefully plan for the future.
 
According to Breiman, 98% of Israeli trade goes through the ports, and that trade doubles every ten years.
 
He added that “global container traffic is also growing by more than 10% a year, following the introduction of innovative very large containerships that have double the container capacity of existing ships".
 
In order to be able to compete with container ports in the region, the Israeli port industry must improve at a 2.5% annual rate in order to stay competitive.
 
Breiman noted that Israel Ports Development & Assets Company was planning a $6 billion master plan for the development of the Israeli maritime port sector over the next 50 years.
The government is yet to decide which of the two main ports will get the chunk of the investment. However, according to Braiman once a decision is made, the government should take all necessary steps to speed up the construction of the future port facility.